Hotelier chain with EUR 25 a night comes to Romania

Golden Tulip Group will bring in Romania four new brands of two and three stars, through its partnership with French hotelier network Louvre Hotels, making its entrance on “budget” and “economy” segments. These hotels will offer prices of EUR 25-30 a night. “We will enter on the Romanian market with four new hotelier brands that will target budget and economy segments. We decided to offer low prices because we want to create consolidated solutions and we are not focusing on immediately returns. Hospitality market is just establishing now, after 2007 and 2008 brought significant yields for the players”, said Paul Marasoiu, regional manager for Romania, Moldavia and Bulgaria of Golden Tulip Hotels, Inns&Resorts.

Anda Dragan